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Mega wealthy people will not just "be OK" during an economic crash. They will make *more* money.
They buy stuff at fire sale prices, and when value returns to normal, they make a killing.
Poor people lost half a trillion dollars during the pandemic shock. Billionaires gained half a trillion.
🙂🙃
The McLaren F1 was over $1 million when it was introduced, and the value has only gone up since then. Some classic McLaren F1s have sold for as much as $20M.
During times of market turmoil, you can buy one for as cheap as $3 million!
This info is of no value *to you*. You can't use it to make $17M. Because you don't have $3M extra dollars to drop like it's nothing.
If a mega wealthy person finds 5 of these types of deals in a year, they will make almost a hundred million dollars. In a single year.
If you have the cash, crashed economies create a target rich environment for these types of deals. By "The cash," I mean "Almost all of the cash."
👩🏼"My business relied on Canadian lumber! But I can't survive these tariffs. I'm bankrupt.
We were doing great! $4M a year in revenue! But I can't make payroll, and my house is collateral for my SBA loan. I would have lost everything.
The business was worth $20M! It just sold for $3M."
If you're thinking,
👩🏽"Wait... Your examples of people who are losing value, are the owner of a $20M business, and the owner of a McLaren?!"
Yes.
👩🏽"I'm supposed to feel sorry for them? Because I don't."
Fair. Those are the people that push for the economic policies that caused these crashes.
When the dust settles, people that anxiously click reload on their 401ks, will be about as rich as before.🤷🏿♂️
People that can't afford to own any retirement accounts, will be much poorer.
And people that say things like "I should spend $20 million on this election!" Will be almost twice as wealthy.
Evo Terra — RhRR.us
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